10 businesses owned by Tanzanian billionaire Rostam Aziz
Rostam Aziz just bought Nation Media Group from the Aga Khan. Here is every company the Tanzanian billionaire owns in 2026.
East Africa
Mary-Ann Musangi’s HACO Industries wins circular economy leader at Kenya ESG Awards
HACO Industries Kenya has been named a Circular Economy Leader at the Kenya ESG Awards, recognising the manufacturer's push to embed sustainability across its operations.
Tanzanian billionaire Rostam Aziz acquires Kenya's Nation Media Group from Aga Khan
Tanzanian billionaire Rostam Azizi has bought the Aga Khan Fund's controlling stake in Nation Media Group, ending a 66-year era.
Madagascar's most powerful businessman is now in a Mauritius jail facing a third international arrest warrant
Madagascar's anti-corruption court has issued a third international arrest warrant against tycoon Mamy Ravatomanga, adding a mining scandal to his growing legal troubles.
Meet Esther Muchemi, M-Pesa's first agent who became a multimillionaire
When M-Pesa launched on March 6, 2007, Esther Muchemi held agent number 0001. She had no idea what was coming.
Kenyan beer tycoon Ngugi Kiuna wins $11.4 million guarantee in Heineken battle
A Nairobi court has ordered Heineken to post a Sh1.47 billion bank guarantee before it can appeal the Sh1.8 billion award to Ngugi Kiuna.
Kenyan court issues arrest warrant for cement mogul Benson Ndeta over $35 million Absa Bank fraud
A Nairobi magistrate has issued arrest warrants for Benson Ndeta and his co-accused after they failed to appear on Sh4.5 billion fraud charges.
Malagasy tycoon Hassanein Hiridjee's AXIAN Telecom partners with AST SpaceMobile for satellite broadband in Africa
AXIAN Telecom and AST SpaceMobile have teamed up to deliver satellite broadband directly to standard smartphones across Africa's most underserved communities.
She took a DNA test. Now she's heir to a $53.8 million Kenyan empire
A decade after being shut out of her father's inheritance, Chepkoech Too has won a DNA paternity case that unlocks a Sh7 billion estate.
Chandaria family office opens Kenyan empire to Investors
Darshan Chandaria wants outside money in the family business. The CEO of one of Kenya's oldest conglomerates is building a formal family office to make it happen.
Kenyan media tycoon SK Macharia's helicopter crashes, kills MP Johana Ngeno and five others
A helicopter owned by media mogul SK Macharia crashed in Nandi County, killing MP Johana Ngeno and five others, as Macharia battles a prolonged insurance war.
Tycoon Patrick Bitature returns as Umeme chairman as Ugandan power distributor posts $40.7 million profit
Umeme posted a Sh148.2 billion profit in 2022 and reappointed Dr. Patrick Bitature as board chairman for a third consecutive term.
This Kenyan tycoon partnered with Ritz Carlton to build a Maasai Mara resort and is now facing intense backlash
Shivan Patel’s Lazizi Mara project brought Ritz Carlton to the Maasai Mara, but lawsuits and conservation protests now threaten to define the resort.
Nedbank gets waiver as bid for NCBA advances, as Kenyatta and Ndegwa families prepare for windfall
Nedbank cleared a key regulatory hurdle in its NCBA bid, putting fresh attention on the Kenyatta and Ndegwa families’ stakes.
Madagascar issues international arrest warrant for tycoon Mamy Ravatomanga over alleged lychee export fraud
Madagascar has issued an international arrest warrant for tycoon Mamy Ravatomanga, accused in a sweeping lychee export fraud and money laundering case.
Kenyan sports betting mogul Ronald Karauri enters Nairobi governor race ahead of 2027
Ronald Karauri, a businessman and Kasarani MP linked to SportPesa’s rise, has declared a 2027 bid for Nairobi governor.